HarryCaraysGhost (88.00)

January 2010

0

BRK-B 5Y N/A$72.72 ( +4.60%)N/AN/AN/A Pitch by: msftgev 1/21/10 7:26 PMReply | Report this postAlthough our form is corporate, our attitude is partnership. Charlie Munger and I think of our shareholders as owner-partners, and of ourselves as managing partners. (Because of the size of our shareholdings we are also, for better or worse, controlling partners.) We do not view the company itself as the ultimate owner of our business assets but instead view the company as a conduit through which our shareholders own the assets.Charlie and I hope that you do not think of yourself as merely owning a piece of paper whose price wiggles around daily and is a candidate for sale when some economic or political event makes you nervous. We hope you instead visualize yourself as a part owner of a buisiness that you expect to stay with indefinitly, much as you might if you owned a farm or apartment house in partnership with members of your family. For our part, we do not view Berkshire shareholders as faceless members of an ever shifting crowd, but rather as co-venturers who have entrusted their funds to us for what may well turn out to be the remainder of their lives.